Investment property in Rivervale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.32%
If we look at median property appreciation over just the last three months, Rivervale has given property investors a paper return of -3.75%. This puts Suburb as 384 on a list of fastest fasting appreciating suburbs in WA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rivervale, 6103. Typically our figures indicate that -5.81% is being offered, which puts this WA suburb at 1895th most discounted overall in Australia.
Often selling an investment property can take time, and in Rivervale the average time real estate has been on the market is 57.716 days.
At number 1204th in the list of Australian suburbs ordered by increase in median house value over the last year, Rivervale, 6103 is in the BOTTOM 30% with a property value increase of -7.25% recorded in median house prices.
Across a shorter period, Rivervale, 6103 has seen a median price increase of 2.73% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Rivervale is offering property investors an average of -8.81. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Rivervale the average time real estate has been on the market is 90.7231 days.
With the median price for a house in Rivervale being $320000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.69%
Information supplied by:
0412 876 851
Over the last year, property investments in Rivervale, 6103 have given investors a capital gain of 10.89%. This compares very favourably with the 4.41% for WA as a whole.
The five-year average increase in median property values for Rivervale,6103 has given property investors a potential capital gain of 12.22% across each of those five years.
Rivervale, 6103 is offering WA ‘s 250th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
The WA suburb of Rivervale, 6103 is in the Belmont local government area.
Rivervale’s proximity to the CBD and to the airport is the major selling point of the suburb. FIFO workers are attracted to the area due to this location and the relatively low price it demands in comparison to other suburbs in the same proximity to the city. Development is poised for the eastern gateway of the CBD in the suburb of Burswood which neighbours Rivervale. This will create greater amenities in the area which should reflect positively on capital values.
Most sought-after properties:
Older aged houses on full block properties with development potential.
Most common properties:
To the north of Great Eastern Highway apartments dominate the area, however to the south a veritable mix of older 1950/60/70s houses on full blocks and recently developed townhouses and villas are common.
The suburb is located on the Swan River. The amenities in the suburbs surrounding Rivervale include Belmont Forum and the Burswood Entertainment Zone. The property has good access through Great Eastern Highway and Orrong Road.
Local industry and business:
The Belmont commercial/industrial zone is located at the north of the suburb.
Zoning to a residential density that facilitates development recently got put in place which is creating gentrification of the area. The Crown Complex neighbouring the south of the suburb has been upgraded and has future upgrades panned.
The top end of Rivervale around Newey Street. They are the closest to the train and other amenities. As well as being away from state housing this is prevalent in the area.
The train is a short walk from the very north-western portion of the suburb. Buses run frequently up Great Eastern Highway and along Alexander Rd and Kooyong Rd.
Great Eastern Highway and Orrong Rd are the main roads which link the suburb to the City Centre and to the airport.